In January 2016, Leith Wheeler hired Barrow, Hanley, Mewhinney & Strauss, LLC to take over management of our U.S. equities. Based in Texas, Barrow Hanley has provided value-oriented investment management services to institutional investors since 1979, and is one of the leading sub-advisors in the U.S. Similar to Leith Wheeler, they are patient, long-term investors and are generally contrarian in their approach to finding out-of-favour stocks that are temporarily undervalued for reasons they can identify, research and document.
Employee alignment with clients is very important to the company and internal ownership is strongly encouraged across a broad spectrum of employees. They have a stable investment team and have produced consistent added value with downside protection.
Sprucegrove Investment Management
In 1995, Leith Wheeler made a strategic decision to hire Sprucegrove Investment Management Ltd. to manage our discretionary and institutional clients' International equities. Based in Toronto, Sprucegrove is one of the top global equity managers in North America and has an excellent track record of uncovering value. Like Leith Wheeler, Sprucegrove believes in the principles of value investing and shares our commitment to preserving and growing clients' capital.
As of March 31, 2016, Edinburgh Partners, of Edinburgh, Scotland has assumed the sub-advisor role for the Leith Wheeler International Equity Plus Fund. The International Equity Plus Fund is a stand-alone fund and is also a component of the Leith Wheeler Balanced Fund.
Similar to Leith Wheeler, Edinburgh is a bottom-up value manager with an excellent long-term track record. The investment personnel at Edinburgh Partners are owners of the firm and their interests are aligned with their clients. Their investment approach has resulted in their International Equity strategy outperforming the benchmark since its inception.
The International Equity Plus Fund invests in the EAFE (Europe, Australasia, Far East) markets, but also has some exposure to the emerging markets.
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